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31 votes
31 votes
Stella invested $6,100 in an account paying an interest rate of 6 1/2%compounded

monthly. Katherine invested $6,100 in an account paying an interest rate of 6 5/8%
compounded quarterly. After 7 years, how much more money would Katherine have
in her account than Stella, to the nearest dollar?

User Michael Schwartz
by
3.0k points

1 Answer

8 votes
8 votes

Answer:

9662.3822

Explanation:

User John Karahalis
by
3.2k points